# Income Tax Act 2007, Paragraph 60


(1) In relation to shares issued before 6 April 2006, section 263(2) applies with the substitution of “tax at the higher rate for the tax year on” for “30% of”.
(2) In relation to shares issued before 6 April 2004, section 263(2) applies with the substitution of “the savings rate” for “the higher rate”.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/60 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-60
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.